Underwriting Manager
Annual salary range
₹3.3 Lakhs - ₹19.9 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byUnderwriting Manager Salary in India (Updated 2025)
based on 335
latest salaries
• updated:
24 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriting Manager Salary in India ranges between ₹3.3 Lakhs to ₹19.9 Lakhs for 2 years of experience to 14 years of experience. Salary estimates are based on 335 latest salaries received from Underwriting Manager.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
1 -
13
yrs
exp.
(28 salaries)
|
₹5.8 L/yr - ₹13.5 L/yr | |
0 -
9
yrs
exp.
(23 salaries)
|
₹2.7 L/yr - ₹7.3 L/yr | |
Login to view exact salary
| ||
1 -
13
yrs
exp.
(16 salaries)
|
₹5.1 L/yr - ₹18.5 L/yr | |
0 -
16
yrs
exp.
(14 salaries)
|
₹6 L/yr - ₹10.5 L/yr | |
0 -
6
yrs
exp.
(13 salaries)
|
₹5.2 L/yr - ₹14.5 L/yr | |
0 -
6
yrs
exp.
(13 salaries)
|
₹4.5 L/yr - ₹13.6 L/yr | |
2 -
7
yrs
exp.
(12 salaries)
|
₹4.2 L/yr - ₹8.1 L/yr | |
2 -
7
yrs
exp.
(9 salaries)
|
₹4.5 L/yr - ₹7.5 L/yr | |
Login to view exact salary
| ||
1 -
17
yrs
exp.
(9 salaries)
|
₹5.8 L/yr - ₹14.5 L/yr | |
12 -
18
yrs
exp.
(7 salaries)
|
₹7.8 L/yr - ₹18 L/yr | |
Latest annual salaries shared by Underwriting Managers
2d ago
Tata Capital Housing Finance
Underwriting Manager
13 years exp.
1w ago
Kotak Mahindara Life Insurance
Underwriting Manager
2 years exp.
1w ago
Prisha Insurance Brokers
Underwriting Manager
3 years exp.
1w ago
Oxyzo Financial Services
Underwriting Manager
5 years exp.
2w ago
Care Health Insurance
Underwriting Manager
8 years exp.
2w ago
Cogneesol
Underwriting Manager
3 years exp.
3w ago
Wipro
Underwriting Manager
6 years exp.
3w ago
Bandhan Life
Underwriting Manager
5 years exp.
3w ago
Alliance Insurance Brokers
Underwriting Manager
5 years exp.
4w ago
HSBC Group
Underwriting Manager
4 years exp.
View all latest salaries
Underwriting Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
2
years
(23
salaries)
|  ₹2.4 L/yr - ₹10.7 L/yr |
3
years
(26
salaries)
| ₹2.5 L/yr - ₹10.4 L/yr |
Login to view exact salary
| |
4
years
(30
salaries)
| ₹3.2 L/yr - ₹10.5 L/yr |
5
years
(40
salaries)
| ₹3.6 L/yr - ₹11 L/yr |
6
years
(32
salaries)
| ₹3.5 L/yr - ₹12 L/yr |
View all salaries by experience
Underwriting Manager Jobs in India
Underwriting Manager
· 7-12 years
BIZ2X PLATFORM PRIVATE LIMITED
New Delhi
Underwriting Manager
· 3-8 years
AVE-Promagne Business Solutions
Mumbai
Underwriting Manager
· 5-7 years
RM INSURANCE BROKING PRIVATE LIMITED
Kolkata
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Underwriting Analyst Salary
0 -
7
years
exp.
(590 salaries)
| ₹3 L/yr - ₹9.5 L/yr |
Underwriter Salary
1 -
8
years
exp.
(2.1k salaries)
| ₹2 L/yr - ₹9.5 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(20k salaries)
| ₹3 L/yr - ₹13 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(1.7L salaries)
| ₹7.1 L/yr - ₹40.8 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(6L salaries)
| ₹3 L/yr - ₹17 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriting Manager
HDFC Ergo General Insurance
Assistant Manager
• posted on 05 Feb 2022
Likes
Good work environment and culture because there is a huge cafeteria and gaming arcade for chilling and company policies are good
read more- Salary - Excellent
+6 more
Dislikes
Salary is decent but career growth is slow
HDFC Ergo General Insurance
Assistant Manager
• posted on 18 Apr 2023
Likes
Salary benefits and other reimbursement
- Salary - Good
+2 more
Dislikes
Operation department not helping and it department not model.
- Job security - Poor
HDFC Ergo General Insurance
Deputy Manager
• posted on 19 Mar 2025
Likes
Skil development is a primary reason why hdfc ergo is best
- Skill development - Good
+4 more
Dislikes
Low salary compared to other comoetitors,promotions are very less
HDFC Ergo General Insurance
Assistant Manager
• posted on 15 Jul 2023
Likes
Like
- Skill development - Good
+4 more
Dislikes
Salary structure need to be check ( destination wise salary is not upto the market level ) & also the annual bonus is to low special for the sale team. At least should get more incentive than operation.
read moreTop skills for Underwriting Manager
Underwriting Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Underwriting Manager
2 -
14
years
exp.
| ₹3.8 L/yr - ₹17.2 L/yr |
New Delhi
Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹16.7 L/yr |
Login to view exact salary
| |
Pune
Underwriting Manager
2 -
14
years
exp.
| ₹5 L/yr - ₹15 L/yr |
Bangalore / Bengaluru
Underwriting Manager
3 -
14
years
exp.
| ₹3.2 L/yr - ₹21.1 L/yr |
Hyderabad / Secunderabad
Underwriting Manager
2 -
14
years
exp.
| ₹4.7 L/yr - ₹28.5 L/yr |
View More
Underwriting Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹14.6 L/yr |
Insurance Underwriting Manager
2 -
14
years
exp.
| ₹3.9 L/yr - ₹15.3 L/yr |
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| |
Banking / Insurance / Accounting Underwriting Manager
2 -
14
years
exp.
| ₹3 L/yr - ₹12.3 L/yr |
Internet Underwriting Manager
2 -
14
years
exp.
| ₹3.5 L/yr - ₹25.1 L/yr |
NBFC Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹9 L/yr |
View More
Frequently Asked Questions (FAQS) about Underwriting Manager Salaries
What is the salary of a Underwriting Manager in India?
The salary of a Underwriting Manager in India varies based on experience, location, company & Industry.
On average, Underwriting Manager salaries ranges from ₹3.3 Lakhs to ₹19.9 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹3.3 Lakhs to ₹19.9 Lakhs per year, with the highest salary reaching ₹6.9 Lakhs to ₹12.8 Lakhs per year. Salary estimates are based on 335 salaries received from various Underwriting Managers across industries.
The average starting salary is around ₹3.3 Lakhs to ₹19.9 Lakhs per year, with the highest salary reaching ₹6.9 Lakhs to ₹12.8 Lakhs per year. Salary estimates are based on 335 salaries received from various Underwriting Managers across industries.
What are the top paying companies that employ Underwriting Managers?
Underwriting Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| SBI General Insurance Underwriting Manager Salary | ₹6.9 Lakhs to ₹12.8 Lakhs per year |
| Care Health Insurance Underwriting Manager Salary | ₹2.1 Lakhs to ₹6 Lakhs per year |
What are the top paying cities for Underwriting Manager in India?
The annual salary for Underwriting Manager in India varies by location. Top paying cities for Underwriting Manager are
Salary expectations for Underwriting Manager may vary based on job roles, experience, and specific employer requirements.
| Underwriting Manager Salary in Mumbai | ₹3.8 Lakhs to ₹17.2 Lakhs per year |
| Underwriting Manager Salary in New Delhi | ₹3.6 Lakhs to ₹16.7 Lakhs per year |
| Underwriting Manager Salary in Pune | ₹5.0 Lakhs to ₹15.0 Lakhs per year |
| Underwriting Manager Salary in Bangalore / Bengaluru | ₹3.2 Lakhs to ₹21.1 Lakhs per year |
| Underwriting Manager Salary in Hyderabad / Secunderabad | ₹4.7 Lakhs to ₹28.5 Lakhs per year |
What are the top paying industries for Underwriting Manager in India?
Top 5 paying Industries for Underwriting Manager in India are:
| Underwriting Manager Salary in Financial Services | ₹3.6 Lakhs to ₹14.6 Lakhs per year |
| Underwriting Manager Salary in Insurance | ₹3.9 Lakhs to ₹15.3 Lakhs per year |
| Underwriting Manager Salary in Banking / Insurance / Accounting | ₹3.0 Lakhs to ₹12.3 Lakhs per year |
| Underwriting Manager Salary in Internet | ₹3.5 Lakhs to ₹25.1 Lakhs per year |
| Underwriting Manager Salary in NBFC | ₹3.6 Lakhs to ₹9.0 Lakhs per year |
How does experience affect salaries of a Underwriting Manager in India?
Experience significantly impacts a Underwriting Manager salary in India. Salaries increase with experience, as Underwriting Manager take on more complex tasks, responsibilities, and leadership roles.
Underwriting Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹2.4 Lakhs to ₹10.7 Lakhs per year |
| 3 years | ₹2.5 Lakhs to ₹10.4 Lakhs per year |
| 4 years | ₹3.2 Lakhs to ₹10.5 Lakhs per year |
| 5 years | ₹3.6 Lakhs to ₹11.0 Lakhs per year |
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